Truecaller Looks to Boost Truecaller Pay With Chillr Acquisition

Since the demonetization motion in 2016, payments and transactions in India have moved to digital modes at a rapid pace. While big names such as Paytm and Google Tez nonetheless dominate the marketplace, every other e-commerce seller and service provider has been trying their own spin at e-wallets and cashless payments.

Truecaller, which recently rolled out Truecaller Pay, has fabricated a big announcement, that is set to boost its payments solution.

As announced in an official blog mail service, Truecaller has now acquired India-based payments startup Chillr. Chillr employees will exist absorbed into the Truecaller Pay setup and work out of the Truecaller evolution center in Bengaluru. Chillr co-founder Sony Joy will also be joining equally the vice president of Truecaller Pay.

Just to brush you up, Chillr was introduced a few years back as India's starting time multi-banking company payments app that allows you to ship money instantly from your Bank account to anyone in your phone volume or to a beneficiary using 'Business relationship number & IFSC lawmaking' or 'UPI ID'. Additionally, the service likewise allows you lot to recharge, pay bills, divide bills, or request money.

truecaller pay

Truecaller Pay, which was launched concluding year, has seen a lot of features existence added to information technology. The team states that past acquiring Chillr, "nosotros are reaffirming our delivery to mobile payments and programme to increase the adoption of it amongst our user base. Nosotros will, together, have a far bigger impact in this space through the foundation of the team'southward expertise and a strong user base who trust our platform and uses it on a daily ground. Moving forward, the Chillr team will now become the Truecaller Pay team, leading the vision and execution for this feature."

The blog post farther goes on to land that in the coming months, the Chillr app will be completely phased out, and Truecaller will be integrating many of their features along with some brand new ones into the Truecaller Pay app. The team hopes to continue their aim of making payments uncomplicated and more than efficient for their users.